Platinum Bank SBA loans in Minnesota
Short answer
SBA's loan file shows Platinum Bank made 81 SBA loans in Minnesota since October 2023. 23.5% went to startups, against 50.0% of its loans nationally. The lender made 2.3% of Minnesota's SBA loans, against 0.12% of loans nationwide.
- SBA loans, Oct 2023 to Jun 2026
- 81
- median loan
- $500,000
- dollars approved
- $73.54M
- went to startups
- 23.5%
This site is not Platinum Bank
sbaexpress.loans is not Platinum Bank, and Platinum Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Platinum Bank.
These are the 81 SBA 7(a) loans Platinum Bank made in Minnesota approved October 2023 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you.
How Platinum Bank differs in Minnesota
What this means for you. If yours is a new business, Platinum Bank funded startups less often here than it did elsewhere, so ask early whether a lender funds new businesses.
Startups
23.5% of the loans in Minnesota went to startups, where the loan opens the business, against 50.0% of its loans nationally.
Share of the state's loans
Platinum Bank made 2.3% of the SBA loans approved in Minnesota since October 2023, against 0.12% of loans nationwide. Its share here is 19.2 times its national share.
We compared 8 measures with the national figure for the same period, and these are the 2 that differ clearly. One more difference is in the table.
Minnesota next to the U.S.
| Measure | Minnesota | All its U.S. loans | Reading |
|---|---|---|---|
| Lender's share of all SBA loans | 2.3% | 0.12% | Clearly higher |
| Median loan | $500,000 | $498,500 | No clear gap |
| Middle half of loans | $250,000 to $1,058,000 | $199,500 to $806,500 | – |
| Startups (the loan opens the business) | 23.5% | 50.0% | Clearly lower |
| In business 2 years or less | 6.2% | 7.3% | No clear gap |
| In business more than 2 years | 58.0% | 32.3% | Clearly higher |
| Change of ownership | 12.3% | 10.4% | No clear gap |
| SBA Express | 30.9% | 25.5% | No clear gap |
| Lines of credit | 34.6% | 27.6% | No clear gap |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 2 points over Prime | 2.25 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
What Platinum Bank lends to in Minnesota
The industry below accounts for 5 of the 81 loans approved October 2023 to June 2026, or 6.2%. An industry is listed when it has 5 or more of them, five at most.
| Industry | Loans | Share here | U.S. share |
|---|---|---|---|
| Other Personal Care Services | 5 | 6.2% | 14.6% |
Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries.
Other lenders in Minnesota
Other lenders in Minnesota with a clear difference from the national pattern, most loans first.
| Lender | Loans since October 2019 |
|---|---|
| The Huntington National Bank | 630 |
| Old National Bank | 455 |
| Wells Fargo Bank | 301 |
| Falcon National Bank | 212 |
| Hiawatha National Bank | 134 |
| Magnifi Financial CU | 132 |
| Bravera Bank | 107 |
| Stearns Bank | 71 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2023 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: Platinum Bank SBA loans in Minnesota. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/platinum-bank/minnesota/
Ask lending partners about your loan in Minnesota
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Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.